Consideration and Approval of Un-Audited Financial Results of the Company for the Quarter and Nine Months ended on 31st December 2025
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Modern Steels Ltd reported standalone un-audited results for Q3 FY26 (quarter ended 31 Dec 2025). Total income for the quarter stood at Rs 30 lacs, up from Rs 23 lacs in the same quarter last year, with a net profit of Rs 10 lacs versus a loss of Rs 2 lacs a year ago. For the nine-month period, total income rose to Rs 108 lacs (from Rs 67 lacs) and the company swung to a net profit of Rs 39 lacs from a prior loss of Rs 9 lacs. Basic EPS was Rs 0.06 for the quarter and Rs 0.28 for nine months. The company has no manufacturing operations anymore, having sold its assets at Mandi Gobindgarh (Punjab) under a slump sale, and financials are prepared on a going concern basis relying on management's future plans to restart commercial activity. The statutory auditor issued an unmodified limited review report.
The company is essentially a shell entity with no active operations, so reported numbers reflect only incidental income and offer no real earnings visibility. Shareholders should treat the swing to profit cautiously, as the company's ability to continue as a going concern depends entirely on management restarting commercial activity — a key uncertainty for the stock.